Kolkata: Kolkata-headquartered Srei Infrastructure Finance Ltd (Srei), one of India's largest holistic infrastructure institutions, will increasingly focus on co-lending arrangements with banks and aim at growth in the equipment finance sector, going forward. The company will also be aggressively implementing new technologies in business tsssowards its goal of remaining financially prudent, said Hemant Kanoria, Chairman, Srei. He is also bullish about the fact that infrastructure will continue to remain a focus area for the new government.
The company, which is celebrating its 30th year, meanwhile, has notched up a consolidated profit after tax (PAT) of Rs 486.78 crore during the financial year ended March 31, 2019, up 29 per cent from Rs 377.29 crore earned in the previous year. The standalone PAT was at Rs 94.67 crore in 2018-19 as compared to Rs 90.42 crore a year earlier.
The company's consolidated PAT during Q4FY19 was at Rs 144.85 crore, up 35 per cent from Rs 107.36 crore in the corresponding quarter of previous year.
Meanwhile, the total consolidated income for the year ended March 31, 2019 was at Rs 6,469.70 crore, up from Rs 5,399.98 crore in the previous year. And consolidated assets under management stood at Rs 47,070 crore, compared to Rs 47,480 crore, last year. Consolidated disbursements during 2018-19 were at Rs 21,229 crore, down from Rs 22,726 crore.
